Eastman Kodak names new CEO

The board of directors has elected Jeffrey Clarke as chief executive and a member of the board.

Prior to joining Kodak, Clarke was a managing partner of Augusta Columbia Capital, a private investment firm focused on middle-market technology and technology‐enabled businesses. He co-founded the firm in 2012.

He previously was chairman of Travelport Inc., a private travel technology firm, where he served as CEO from 2006 to 2011, after leading its sale from Cendant Corp. to the Blackstone Group for $4.3 billion in 2006. Clarke successfully launched an initial public offering for Travelport’s Orbitz business. He remains chairman of Orbitz Worldwide.

Clarke also served as the chief operating officer of technology firm CA Inc. from 2004 to 2006 and was an executive vice president at Hewlett Packard Co. from 2002 to 2003. His work experience includes companies such as Compaq Computer Corp. and Digital Equipment Corp.

“Jeff is the right person to lead Kodak forward,” said James Continenza, Kodak chairman, in a statement. “His combination of strengths and experience in technology, transformation, finance, operations and international business is precisely what we set out to find in the next leader of Kodak.”

Clarke’s predecessor as CEO, Antonio Perez, is now special adviser to the board of directors.

What You're Saying

David Rubin at 11:43:37 AM on 3/12/2014

After driving the company into bankruptcy, dismissing almost all of its employees, causing the stockholders to lose all of their investment, selling off virtually all of its profitable product lines, and bleeding the company for his own personal benefit, the board still sees... Read More >

After driving the company into bankruptcy, dismissing almost all of its employees, causing the stockholders to lose all of their investment, selling off virtually all of its profitable product lines, and bleeding the company for his own personal benefit, the board still sees fit to retain Antonio Perez as a consultant? The company's value is still above zero, so there's more work to do. Judging future performance by past history, Antonio Perez is just the person to help do it! < close

Linda Hunt at 12:19:17 PM on 3/12/2014

As soon as possible, lobby to dismiss all board consultants. As long as anyone believes Perez is behind any decision Mr. Clarke makes, the new CEO will not be able to earn community respect.